CSAA Insurance coverage Group has introduced the discharge of its annual environmental, social and governance report, wherein the insurer particulars the progress made towards its purpose of a 50% discount in carbon emissions and carbon neutrality by 2025.
CSAA has already achieved a forty five% discount in emissions from its 2016 baseline, inclusive of scopes 1, 2 and three (enterprise journey, worker commute and residential workplace power use), the corporate stated.
“For an insurer, the environmental facet of ESG is vital,” stated Tom Troy, president and CEO of CSAA. “It’s a enterprise crucial, given the function we play in serving to policyholders who expertise losses as a result of climate-related impacts. With rising frequency and severity of wildfires, hurricanes, and different climate occasions, it’s incumbent on the business to work to cut back the results of local weather change, and we attempt to be an business chief on this vital work.”
Learn subsequent: CEO on private strains and the very important function of brokers
The report additionally highlighted the corporate’s progress in present packages and introduced a number of new initiatives, together with:
